COW CORNER FINANCE LIMITED

COW CORNER FINANCE LIMITED

COW CORNER FINANCE LIMITED - Company Information

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COW CORNER FINANCE LIMITED

Company Registration Number:
11493247 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

COW CORNER FINANCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

COW CORNER FINANCE LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Investments: 3 2,204,118 2,204,118
Total fixed assets: 2,204,118 2,204,118
Current assets
Debtors: 4 161,053 92,708
Cash at bank and in hand: 954 13,306
Total current assets: 162,007 106,014
Creditors: amounts falling due within one year: 5 (1,849,085) (1,799,574)
Net current assets (liabilities): (1,687,078) (1,693,560)
Total assets less current liabilities: 517,040 510,558
Total net assets (liabilities): 517,040 510,558
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 516,940 510,458
Shareholders funds: 517,040 510,558

The notes form part of these financial statements

COW CORNER FINANCE LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 February 2024
and signed on behalf of the board by:

Name: Matthew Rourke
Status: Director

The notes form part of these financial statements

COW CORNER FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration receivable. Turnover represents investment income arising on loans granted.

Other accounting policies

Going concernThe directors do not anticipate that the recent Covid-19 outbreak will affect the company's ability to continue for the foreseeable future, given the avenues of support that are available. The company continues to adopt the going concern basis when preparing its financial statements.Investments in subsidiaries and associates Investments in subsidiary and associate undertakings are recognised at cost.TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.Current or deferred taxation assets and liabilities are not discounted.Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

COW CORNER FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

COW CORNER FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Fixed investments

Shares in group Interset in Total undertaking associateCostAt 1 April 2022 2204118 2204118and 31 March 2023Net Book Value 31 March 2023 2204118 220411831 March 2022 2204118 2204118

COW CORNER FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 161,053 92,708

COW CORNER FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022Amounts owed to group undertakings 1404812 1358276Taxation and other social security 3 2250Other creditors 444270 438748